When most people think about economic development, they think about recruiting companies, building infrastructure, or attracting outside investment. Those efforts matter. But Fayette County has another opportunity hiding in plain sight which is helping local businesses access local capital. These businesses support local causes, hire residents, and spend money close to home. Yet for many, the biggest barrier to growth is capital. Despite Fayette’s education, affluence, and entrepreneurial energy, too many small businesses face that same challenge. For years, communities across America have invested significant resources into supporting entrepreneurs. There are incubators, small business programs, pitch competitions, mentorship networks, and startup initiatives. Fayette County is no exception. Through organizations such as Launch Fayette, the Fayette Chamber of Commerce, and other community partners, we have worked to encourage innovation and entrepreneurship. Still there is a missing piece in the equation. We have helped develop entrepreneurs, but we have not developed investors at the same pace. As a result, many promising startups and growth-stage businesses must look outside the community for funding. When they do, jobs, talent, and future wealth often follow the money elsewhere. Many Fayette County entrepreneurs want to grow their companies where they live, work, and invest their time. Too often, that desire gives way to relocation to Atlanta or other markets simply…
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